Program areas at ITCU
The credit union grants Auto Real Estate Credit Card loans along with other lending activities to its members. In 2022 the credit union granted $315 million in loans and leases to its members.
The credit union provides a multitude of delivery and service support options to its membership. The credit union ended 2022 with 14 branches in 3 states as well as providing telephonic web-based mobile and in-person service delivery channels to its members in order for them to conduct their financial business.
The credit union provides multiple types of deposit products and services to its members including savings checking money market and certificates of deposit. The credit union held $823 million of deposits for its 92,980 members as of December 31 2022. The credit union opened 6,103 new memberships in 2022. Excess deposits not used for Lending purposes are used to purchase investments in order to generate Investment Interest Income and related Investment Gains and or Losses on Investment Sales.
Personnel at ITCU
| Name | Title | Compensation | Date of data |
|---|
| Kent L Lugrand | President - Chief Executive Officer | $986,272 | 2022-12-31 |
| J Diane Gerstner | Executive Vice President - Chief Operating Officer / Executive Vice President - Eoo | $346,612 | 2021-12-31 |
| Robert McDonald | Senior Vice President - Chief Financial Officer | $306,032 | 2023-04-04 |
| Thomas Condos | Senior Vice President - Chief Information Officer | $250,728 | 2022-12-31 |
| Sammie Cantrell | Senior Vice President - Cro | $238,661 | 2022-12-31 |
| ...and 7 more key personnel |
Financials for ITCU
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $43,261,067 | $38,093,469 | 13.6% |
| Investment income and dividends | $3,215,574 | $1,779,991 | 80.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $57,732 | $0 | 999% |
| Net gain from sale of non-inventory assets | $-479,779 | $1,199,261 | -140% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $1,352,165 | $5,061,416 | -73.3% |
| Total revenues | $47,406,759 | $46,134,137 | 2.8% |
Organizations like ITCU
| Organization | Type | Location | Revenue |
|---|
| Datcu Credit Union | 501(c)(14) | Corinth, TX | $70,387,635 |
| Unity One Credit Union | 501(c)(14) | Fort Worth, TX | $13,037,693 |
| First Community Credit Union of Houston | 501(c)(14) | Houston, TX | $98,421,005 |
| Texas Trust Credit Union | 501(c)(14) | Arlington, TX | $83,493,624 |
| Texas Bay Area Credit Union | 501(c)(14) | Houston, TX | $36,404,556 |
| East Texas Professional Credit | 501(c)(14) | Longview, TX | $48,939,993 |
| Mobility Credit Union | 501(c)(14) | Irving, TX | $15,048,895 |
| Brazos Valley Schools Credit Union (BVSCU) | 501(c)(14) | Katy, TX | $44,696,240 |
| MCT Credit Union | 501(c)(14) | Port Neches, TX | $17,733,954 |
| Americas Credit Union | 501(c)(14) | Garland, TX | $17,980,276 |
Data update history
July 8, 2023
Used new vendors
Identified 2 new vendors, including , and
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Updated personnel
Identified 4 new personnel
May 15, 2023
Updated personnel
Identified 2 new personnel
July 10, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
- Address
- PO Box 250169
- Plano, TX 75025
- Metro area
- Dallas-Fort Worth-Arlington, TX
- County
- Collin County, TX
- Website URL
- itcu.org/Â
- Phone
- (800) 337-3328
- Facebook page
- InTouchCreditUnionÂ
- Twitter profile
- @intouchcredituÂ
IRS details
- EIN
- 75-1447986
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1974
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Child within group exemption
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